Allocating Lower-income Housing PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Allocating Lower-income Housing PDF full book. Access full book title Allocating Lower-income Housing by Louise Monroe Young. Download full books in PDF and EPUB format.
Author: Louise Monroe Young
Publisher:
ISBN:
Category : Housing policy
Languages : en
Pages : 0
Get Book Here
Book Description
Author: Louise Monroe Young
Publisher:
ISBN:
Category : Housing policy
Languages : en
Pages : 0
Get Book Here
Book Description
Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category : Income averaging
Languages : en
Pages : 8
Get Book Here
Book Description
Author: Joe N. Savage
Publisher:
ISBN: 9781109393767
Category : Housing development
Languages : en
Pages :
Get Book Here
Book Description
The development of affordable housing for low-income households has been a major focus of federal housing policy. Aimed at addressing the housing needs of the most vulnerable households, federal housing policy has always been met with the challenge of meeting the most need with a limited amount of resources. The Low-Income Housing Tax Credit (LIHTC) program has attempted to bolster the development of affordable rental housing for low-income households through the allocation of tax credits. Both non-profit and for-profit entities participate in the LIHTC program as developers. State agencies that allocate credits have the responsibility of meeting the housing needs of low-income households while allocating the least amount of credits necessary to make a project feasible. The question raised in this research is: among for-profit and non-profit developers participating in Delaware's LIHTC program, which developer type incurs the least cost to the federal government? In terms of economic efficiency, the purpose of this question is to determine which developer type can deliver affordable rental units with the least tax credit allocation? The credits allocated constitute a cost to the federal government as a tax expenditure. Regression analysis results showed that non-profit status did not have a statistically significant relationship (p = 0.32) to the amount of tax credits allocated. Additional t-tests comparing mean total square feet and mean number of tax credit units, showed that for-profits are developing larger projects with a greater proportion of tax credit dedicated units and that these mean differences are significant (p = 0.009 and p = 0.032, respectively). The implications of these results for public policy reveal a need for new models upon which affordable housing policy is developed. The current model typically separates developers into two mutually exclusive categories based solely on non-profit status. This dichotomy separates non-profits from for-profits and portrays non-profits as less experienced and less efficient. This paper argues that such a dichotomy is incorrect in that it does not reveal the variety of organizational types that participate in the development of affordable housing. The existence of other developer types, such as those non-profits that operate on a large scale basis and reach production efficiency levels equivalent to that of for-profits, demonstrate the need for the development of an alternate, less mutually exclusive typology. It is within the context of this alternate typology that a new model for the design of housing policy must be developed. This paper also argues that a new model should also include cost-benefit considerations. The findings in this research do agree with the common assertion that the premium that is paid for projects developed by non-profit organizations is primarily due to the incorporation of social support amenities into their projects such as community centers. These social supports drive up total development costs and in turn increase the amount of tax credits necessary to make the projects feasible. Arguments favoring efficiency establish a preference for for-profit development which in many cases does not include the additional social supports. However, research has shown that housing with incorporated social supports is vital to the success of the household. Therefore, housing policy must move in a future direction in which the model upon which it is designed includes measures that weigh the social benefit outcomes of added social amenities against the costs to other social welfare systems in the absence of such amenities. The proposed new models mentioned in this research speak to the need for the continued evolution of affordable housing policies in a direction that not only seeks to get the most product out of a limited amount of resources, but to also maximize the social benefit outcomes so that households can maintain their housing.
Author:
Publisher:
ISBN:
Category : Home ownership
Languages : en
Pages : 1120
Get Book Here
Book Description
Author: Patrick Shane Lane
Publisher:
ISBN:
Category :
Languages : en
Pages : 250
Get Book Here
Book Description
Author: Maine State Housing Authority
Publisher:
ISBN:
Category : Low-income housing
Languages : en
Pages : 72
Get Book Here
Book Description
Author: Robert W. Burchell
Publisher: DIANE Publishing
ISBN: 0788121340
Category : Housing policy
Languages : en
Pages : 250
Get Book Here
Book Description
Provides concerned citizens and public officials with a framework for understanding the various planning, production, and funding options used to increase the range of residential choices and locations accessible to lower income families. Contents: required local housing plans (California, Oregon, Florida, New Jersey, and Vermont); local housing allocation; housing production (regional public superbuilders); inclusionary zoning; housing funding and assistance; implementation activities (portable certificates/vouchers, historical and current). Extensive bibliography.
Author: Southern California Association of Governments
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 54
Get Book Here
Book Description
Author: Mary E. Brooks
Publisher:
ISBN:
Category : City planning
Languages : en
Pages : 88
Get Book Here
Book Description
This report describes a framework for the development of a plan for lower income housing and an allocation plan.
Author:
Publisher:
ISBN: 9781731929877
Category : Public housing
Languages : en
Pages : 0
Get Book Here
Book Description
"'Low-Income Housing Tax Credit Handbook' provides definitive guidance through the complex body of laws, regulations, and judicial decisions concerning the low-income housing credit (LIHC)"--
